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$565,000
Est. payment /mo
720 SqFt
Active
1610 S Standard Avenue Santa Ana, CA 92707
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Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 720 sqft
Price per Sqft $784
MLS Listing ID CRPW25151021
HOA Y/N No
Year Built 1962
Lot Size 6,970 Sqft
Acres 0.16
Property Sub-Type Comm Ind For Sale
Property Description
Exceptional Investment Opportunity in Prime Santa Ana Location Discover a rare chance to own a proven income-producing commercial property in the vibrant heart of Santa Ana. This well-established 720 sq. ft. standalone building, situated on a generous lot, has proudly served the community as a popular Mexican restaurant for more than 20 years. With the original operator now retired, the space is secured by a new long-term tenant under a freshly signed 15-year lease, ensuring stability for years to come. This hands-off investment is made even more attractive by the tenant's responsibility for all utilities, creating a low-maintenance, high-efficiency ownership experience. Currently generating a strong annual gross income of $41,616, the property delivers an impressive 5.9% capitalization rate-a valuable return in a high-demand market. The spacious lot provides additional upside, offering potential future development or expansion opportunities for forward-thinking investors. Flexibility is a key advantage: the property can be purchased with the new tenant in place, or without the tenant should a buyer wish to acquire and operate the existing business. Offered strictly as-is, this commercial gem represents a rare blend of history, stability, and future potential-perfect for investor
Location
State CA
County Orange
Interior
Heating Radiant
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 01424123
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Listed by Yvonne Tran • Lifetime Realty Inc
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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